The White House disclosed that President Donald Trump personally authorized a temporary waiver for India to procure Russian oil. This decision aimed to stabilize global energy markets amidst disruptions caused by the ongoing US military actions against Iran. White House Press Secretary Karoline Leavitt mentioned that consultations involving the President, the Treasury Department, and the national security team led to this move.
Leavitt explained that the waiver was granted due to India’s compliance in the past by refraining from purchasing sanctioned Russian oil. The temporary measure was implemented to address the disruptions in global oil supply triggered by the Iranian crisis. Notably, the Russian oil shipments had already been en route before the waiver was issued.
Regarding the financial impact on Moscow, the White House clarified that they do not anticipate significant benefits for Russia from this arrangement at present. Leavitt emphasized that the short-term measure was primarily to address the temporary gap in oil supply globally due to Iranian-related issues. The administration highlighted that the ongoing US military campaign against Iran, known as Operation Epic Fury, has made substantial progress within the past ten days.
